Wednesday, August 5, 2015

Martinair continues with remediation – Yahoo! News

Martinair can continue reorganizing and reducing its fleet, despite the opposition of the Enterprise. That left the freight subsidiary of KLM Wednesday.

The Enterprise Chamber of the Amsterdam Court ruled that the decision announced earlier this year remediation round at all was taken by the book. But according to the airline that ruling will not affect the implementation of the plan.

This year and in the course of next year the fleet will be reduced in steps of ten to four devices. In addition, hundreds of jobs disappear.

Works

The Works (or) Martinair opposed this and went to court. The Works came up with several obstacles, but it was eventually allocated a.

According to the court decision on the reorganization was the point of the impact on staff and financial substantiation inadequate. It was not clarified whether Martinair all required severance payments would be able to pay. KLM has already agreed to provide a loan of up to € 50 million to deal with the cost.

Verdict

or found it incomprehensible that would not include the management of Martinair discuss an alternative plan, which can be saved a lot of jobs. But from the documents submitted to the court that the airline has discussed the alternative indeed, and rejected.

In the verdict, the Enterprise Chamber also took into account the difficult financial situation in which Martinair is in. This makes it important that the company can quickly take action.

or Martinair is still considering a response.

Reuters

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